Verus Capital Partners LLC grew its position in shares of Direxion Daily S&P 500 Bear 1x Shares (NYSEARCA:SPDN – Free Report) by 119.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 142,931 shares of the company’s stock after purchasing an additional 77,678 shares during the quarter. Verus Capital Partners LLC’s holdings in Direxion Daily S&P 500 Bear 1x Shares were worth $1,422,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. Bison Wealth LLC purchased a new stake in Direxion Daily S&P 500 Bear 1x Shares during the fourth quarter worth $4,236,000. XTX Topco Ltd purchased a new position in Direxion Daily S&P 500 Bear 1x Shares in the second quarter valued at $181,000. IHT Wealth Management LLC purchased a new position in Direxion Daily S&P 500 Bear 1x Shares in the second quarter valued at $159,000. HRT Financial LP acquired a new position in shares of Direxion Daily S&P 500 Bear 1x Shares in the second quarter worth about $2,886,000. Finally, Two Sigma Securities LLC raised its position in shares of Direxion Daily S&P 500 Bear 1x Shares by 228.6% in the second quarter. Two Sigma Securities LLC now owns 118,310 shares of the company’s stock worth $1,219,000 after acquiring an additional 82,308 shares during the period.
Direxion Daily S&P 500 Bear 1x Shares Price Performance
SPDN stock opened at $8.71 on Friday. Direxion Daily S&P 500 Bear 1x Shares has a 52-week low of $8.58 and a 52-week high of $10.35. The company’s 50-day simple moving average is $8.73 and its 200-day simple moving average is $9.16.
Direxion Daily S&P 500 Bear 1x Shares Profile
The Direxion Daily S&P 500 Bear 1X Shares (SPDN) is an exchange-traded fund that is based on the S&P 500 index. The fund provides daily inverse exposure to the S&P 500, a market-cap-weighted index of 500 US large-cap firms selected by the S&Ps index committee. SPDN was launched on Jun 8, 2016 and is managed by Direxion.
Recommended Stories
- Five stocks we like better than Direxion Daily S&P 500 Bear 1x Shares
- Popular’s Earnings Beat Shows Why This Bank Stock Keeps Climbing
- ABB’s Rotork Deal Could Put These Flow Control Stocks Back in Focus
- GE HealthCare Stock Climbs on Vital Diagnostics Demand
- Lost in Space: Why Aerospace Valuations Are Plummeting Right Now
Want to see what other hedge funds are holding SPDN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Direxion Daily S&P 500 Bear 1x Shares (NYSEARCA:SPDN – Free Report).
Receive News & Ratings for Direxion Daily S&P 500 Bear 1x Shares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Direxion Daily S&P 500 Bear 1x Shares and related companies with MarketBeat.com's FREE daily email newsletter.
